According to the most recent monthly jobs report, Houston unemployment held at the rate of 4.6 percent in September, on a non-seasonally adjusted basis. The total number of Houston jobs dropped by 4,600 over the month, on a seasonally adjusted basis.
The monthly jobs report shows Texas’s seasonally adjusted unemployment rate went up slightly in September to 4.2 percent. In the past year, 224,800 Texas jobs have been added, with a gain of 26,600 positions in September.
What do these figures mean for managers looking to staff Houston jobs?
Robert Half Senior Regional President Mark Malone notes that, despite the seemingly low Houston unemployment rate, the current climate is tipped in favor of employers. The Houston jobs market at present is in part driven by factors affecting the oil and gas sector, such as declining prices and demand. “This has resulted in pay reduction and layoffs, which means more candidates are looking for jobs,” says Malone.
In spite of there being more candidates on the market, companies are having trouble locating people with the specific skills they need. “Employers offering Houston jobs need to move quickly through their hiring processes to avoid losing candidates to other companies,” Malone says. This is especially true when it comes to high-demand positions like staff and senior accountants, accounting managers, financial analysts and many roles in the IT sector. If you haven’t updated your company’s hiring strategy recently, try to find ways to expedited your processes to ensure skilled professionals don’t lose patience and slip through your grasp.
And while there may be an increased number of job seekers due to the current state of oil and gas, Malone also points out that many working candidates might not be job seeking, since staying put under a known risk is better than taking an unknown risk that doesn’t pay off. Consider hiring from within or reaching out to a skilled recruiter.
Are you looking to fill Houston jobs? For expert staffing help, contact the Robert Half Houston office at (855) 407-4735.